APAC is the leading region in terms of production and consumption of display
market. The region has witnessed significant advancements
in the display device market, along with rapid changes in terms of adoption of
new technologies. The huge market size in APAC is because of the rapid
industrialization, as well as the presence of a large number of OEMs and many
consumers in the region. Major companies such as Samsung Electronics and LG
Electronics being based in South Korea, and Sony, Sharp, Panasonic, and a few
others being based in Japan, contribute significantly to the display panel
market’s growth in this region.
“Smartphones to
dominate OLED display market, in terms of size during forecast period”
Smartphones have been dominating the display panel market, with Apple and
Samsung dominating the whole smartphone segment. The growth of the display
panel market for smartphones will be propelled mainly by OLED and flexible
displays during the forecast period. At present, flexible OLED technology-based
(highly priced) display panels are being adopted in smartphones at a high rate
globally; this trend is expected to continue during the forecast period. The
major factors boosting the use of OLED displays in smartphones include
energy-efficiency, sunlight readability, vivid color and picture quality, and
easier recyclability than LCDs.
“Micro-LED
technology to witness highest CAGR during forecast period”
The market for micro-LED displays is expected to grow at the highest CAGR
during the forecast period. Micro-LED is an emerging display technology and has
the potential to disrupt the LCD and OLED display ecosystem. Increasing demand
for brighter and more power-efficient display panels for smartwatches, mobile
devices, and NTE (AR/VR) devices will be the major factors for the growth of
micro-LED technology in the display panel market. Considering current manufacturing
capabilities, prototype development, and the involvement of leading players—
Apple, Samsung, and Sony—, micro-LED-based smartwatches and NTE devices may
enter the commercial phase in 2019.
“Small-and
medium-sized display expected to gain share in global market during forecast
period”
At present, large-sized display is in demand for televisions, PC monitors
and laptops, signage and some tablets; therefore, the large-sized display
panels account for the largest market share. However, small- and medium-sized
display panels are expected to gain share in the global market during the
forecast period. The growth in this segment will mainly be driven by high
growth of OLED display panels, especially for smartphones.
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